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Tim Cook breezes through first year in post-Steve Jobs era

When Tim Cook assumed Apple's leadership from an ailing Steve Jobs one year ago today, investors reacted by pushing down the company's shares by more than $6.

One year later, the stock is up 44 percent, the company is about to introduce a new version of its popular iPhone, and Apple is now the most valuable company in the world based on market capitalization.

After two stints filling in as CEO while Jobs was ill, Cook has finally emerged from the shadow of Apple's legendary founder and earned his place on center stage as one of the … Read more

Apple Q3 earnings: $35B in revenue, 26M iPhones, 17M iPads

iPhones and iPads once again led the way in a record quarter for Apple, but the results were less than what Wall Street expected.

During its third fiscal quarter, which ran through June 30, Apple reported revenue of $35 billion and earnings of $8.8 billion, or $9.32 per share. That was up from the $28.57 billion in revenue and profits of $7.31 billion, or $7.79 per share, the company reported for the same quarter a year ago.

Wall Street was expecting Apple to pull in earnings of $10.35 a share on revenue of $37.… Read more

Join us live for Apple's Q3 earnings call today

Apple reports its third fiscal quarter earnings just after the close of trading today, and will hold its usual conference call with analysts shortly thereafter.

Read: What to look out for in Apple's results

Join CNET at 2 p.m. Pacific for live coverage of that call, where Apple is expected to go into more detail about the results. The company also fields questions from Wall Street analysts, weighs in on key issues, and occasionally even announces new product details.

You can follow along below. Just bookmark this page and tune in later today.

Catch our live blog from Apple's earnings conference call, 2 p.m. PT.Read more

Apple earnings: iPad boom likely. iPhone? Hmmm

Apple reports the results from its third fiscal quarter tomorrow, and the company is once again expected to surpass its own estimates.

Wall Street is expecting Apple to pull in $10.38 a share on revenue of $37.35 billion, according to analysts polled by Thomson Reuters. By comparison, Apple forecast $8.68 a share on revenue of about $34 billion when it reported its second quarter earnings in April.

The numbers story remains in sales of the iPhone and iPad, Apple's two hottest gadgets, and the ones that are helping it rake in record profits. During Apple's … Read more

Analyst: Did I say Apple shares will hit $1,001? Try $1,111

Brian J. White, an analyst at Topeka Capital Markets, apparently hates zeros.

In a note sent out to investors this morning, and picked up by AllThingsD, White updated his previously controversial estimate that Apple's stock price would hit $1,001, saying that he thinks that might have been a conservative guess.

"We believe the negative vibes that have held back the stock over the past couple of weeks will now be replaced with the fear of missing the next leg up in the stock price that we are forecasting will reach $1,111.00 over the next year,&… Read more

Strong iPhone sales overshadow new iPad in Apple earnings

Apple once again topped Wall Street's estimates with its second-quarter earnings, bringing in strong profits and selling more iPhones than expected.

This slightly overshadowed the first major sales numbers of the new iPad, which launched last month. Apple has sold fewer units of the device than analysts had estimated it would.

Apple reported revenue of $39.2 billion and earnings of $11.6 billion, or $12.30 per share, for the quarter ended March, 31, 2012. That was up from the $26.67 billion in revenue and $5.99 billion, or $6.40 per share, the company reported for … Read more

Apple talks big numbers, 'iPhone momentum'

Check back here as Apple goes into detail about its fiscal second-quarter results during a conference call with the financial community.

Apple nearly doubled its profit to $11.62 billion in the quarter and saw revenue surge nearly 60 percent to $39.19 billion, as results were again buoyed by sales of iPhones and iPads in the period. The consumer technology giant sold more than 35 million iPhones and 12 million iPads in the period.

Apple executives CEO Tim Cook and CFO Peter Oppenheimer typically offer prepared remarks about the company's business before opening it up for analysts to … Read more

Apple earnings: Will big numbers rev up its stock?

Apple reports its second quarter results tomorrow -- and the multi-billion dollar question is whether its report will halt the recent slide in Apple's share price.

As usual, the focus will be on just how many iPhones and iPads the technology giant sold, given that the two products account for the vast majority of Apple's revenues. Just as important is how investors will react to those numbers.

In the past nine days of trading, Apple's stock has dropped more than 13 percent from a high of $644. In trading today, shares rose above the opening price of $… Read more

Apple investors sideswiped -- briefly -- by erroneous trade

Hope Apple investors had their seat belts fastened and their trays in the upright and locked position earlier today. Because they had quite the free-fall experience for a few minutes there -- even if it was a brief and seemingly accidental one.

Slightly before 11 a.m. ET, Apple shares suddenly plunged 9.4 percent, to $542.80, before an automatic "circuit breaker" cut in and halted trading. That was a drop of $57.69 from the opening price of $600.49.

Whew.

According to the WSJ, the culprit was BATS Global Markets, a stock-exchange rival to both … Read more

Apple shares jump, hover shy of $500 mark

Apple set new records on Wall Street today, reaching an all-time high in intraday trading and closing at a record high.

Apple's stock closed at $493.17, up $16.49 or a gain of 3.46 percent from its opening price, according to Google Finance. In the early afternoon it ticked off a new intraday high at $496.75.

With the gains, Apple's market capitalization, or the value of shares times the number of shares outstanding, topped off at $459.82 billion, putting it $58 billion ahead of Exxon Mobil. The two companies traded spots to be the company with the largest market capRead more